Charming 3-Unit Multi-Family Property! This well-positioned triplex offers excellent income potential in a value-add opportunity. The spacious main floor unit features 3 bedrooms and a full bathroom, perfect for a larger family. Two additional one-bedroom apartments with private full baths occupy the upper level, providing steady rental income. This property presents an ideal opportunity for investors looking to build equity through strategic improvements. With some attention to detail and cosmetic updates, this multi-family home has significant potential for increased rental income and property value.
Sold for $112,000 on 12/11/24
$112,000
220 Adams Ave, Eveleth, MN 55734
5beds
3baths
2,296sqft
Condominium
Built in 1904
-- sqft lot
$-- Zestimate®
$49/sqft
$2,877 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,877/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 09, 2025 at 01:41pm
Listed by:
Norma Jean Jofs 218-780-2860,
Next Door Realty
Bought with:
Norma Jean Jofs, MN 40713911
Next Door Realty
Source: Lake Superior Area Realtors,MLS#: 6116859
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Appliances
- Included: Range, Refrigerator
Features
- Basement: Full
Interior area
- Total interior livable area: 2,296 sqft
- Finished area above ground: 2,296
- Finished area below ground: 0
Property
Parking
- Parking features: None
Lot
- Size: 6,098 sqft
- Dimensions: 144 x 42
- Features: Level
Details
- Foundation area: 1148
- Parcel number: 040011000040
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Wood, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1904
Utilities & green energy
- Electric: Minnesota Power
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Eveleth
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2024 | Sold | $112,000+12.1%$49/sqft |
Source:  Lake Superior Area Realtors #6116859 | ||
| 11/8/2024 | Pending sale | $99,900$44/sqft |
Source: Lake Superior Area Realtors #6116859 | ||
| 11/1/2024 | Listed for sale | $99,900$44/sqft |
Source: Range AOR #147695 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,530 +57.4% | $111,700 -8.8% |
| 2023 | $972 +61.5% | $122,500 +44.6% |
| 2022 | $602 +11.9% | $84,700 +34.2% |
Find assessor info on the county website
Neighborhood: 55734
Nearby schools
GreatSchools rating
- NAFranklin Elementary SchoolGrades: PK-4Distance: 0.1 mi
- NAK-12 Extended School YearGrades: K-12Distance: 0.2 mi
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